UnitedHealth posts $1.4B loss in Q1 following Change cyberattack
04/19/24 at 03:00 AM
UnitedHealth posts $1.4B loss in Q1 following Change cyberattack
Becker's Payer Issues, by Jakob Emerson; 4/16/24
UnitedHealth Group posted a $1.4 billion net loss in the first quarter of 2024 following the sale of its Brazil operations and the unprecedented cyberattack on its Change Healthcare subsidiary in late February. Despite the losses, the company beat investor expectations and shares rose more than 6% to above $474, the Wall Street Journal reported. ... To date, the company has provided over $6 billion in advance payments to providers.